Deven Mehata, Equity Research Analyst at Choice Broking:
Nifty remained turbulent all day after today's flat beginning, but it eventually stabilised and ended flat forming doji candle on daily chart. 19600-19550 is the strong support for Nifty. Further correction can be expected only if Nifty closes below 19550 levels.
The market has traded flat with the Sensex gaining 0.02 percent and closed at 66023.69 and Nifty traded flat for intraday and closed at 19674.55 levels whereas Bank Nifty was up by 0.35 percent and settled at 44766.10.
Among sectors Nifty PSU Bank, Nifty Financial Services and Nifty Realty ended in green while Nifty IT, Nifty Auto and Nifty Pharma ended on the lower side. In Nifty stocks, Bajaj Finance, Bajaj Finserv and Tata Consumer Product were the top gainers while Hindalco, Hero MotoCorp and Infosys were the prime laggards.
INDIA VIX was positive by 2.25 percent intraday and settled at 10.90.
Index has a strong support around 19550-19600 zone. Coming to the Open Interest (OI) Data, on the call side, the highest OI observed at 19800 followed by 19900 strike prices while on the put side, the highest OI is at 19500 strike price. On the other hand, Bank Nifty has support at 44400-44200 while resistance is placed at 44900-45100 levels.
Ajit Mishra, SVP - Technical Research, Religare Broking
Markets started the week on a muted note and ended unchanged, taking a breather after the recent slide. On the benchmark front, Nifty oscillated in a range and finally settled at 19674.55 levels. Meanwhile, mixed trends on the sectoral front kept the traders occupied wherein realty and financials edged higher while IT and pharma ended in the red. The broader indices too traded mixed wherein midcap posted decent gains while smallcap closed flat.
It is a normal pause and we may see some rebound too due to oversold positions. However, the upside seems capped citing a strong hurdle around the 19800-19900 zone. Besides, weak global cues would continue to weigh on the sentiment. We thus reiterate our view to stay stock-specific and focus more on risk management.
Vinod Nair, Head of Research at Geojit Financial Services
The day presented a mixed picture in the market, with sectors such as Realty, Banking, and Consumer Durables performing well while IT and Pharma struggled. Investors were actively repositioning, shifting away from stocks tied to the global economy and focusing on the domestic economy.
Concerns loomed over a potential global economic slowdown due to the prolonged period of high interest rates. While the domestic market is witnessing good registration and consumption demand ahead of the festival season, India's entry into JP Morgan's Emerging Markets Government Bond Index is benefiting the financial sector in anticipation of a reduction in funding costs.
Kunal Shah, Senior Technical & Derivative analyst at LKP Securities:
The Bank Nifty index experienced a brief respite following a four-day sell-off, with buyers gaining traction from lower levels. However, the index continues to trade below its 20-day moving average (20DMA), which is currently positioned at 45,000. A close above this level would signal a potential resumption of the upward momentum.
On the downside, the lower-end support now rests within the 44,500 to 44,000 zone. A breach below this support range could result in additional selling pressure on the index.
Shrikant Chouhan, Head of Research (Retail), Kotak Securities:
Markets snapped 4-session losses to eke out modest gains on selective buying in a lacklustre trading session. While markets were volatile in early trades, sluggish European and other Asian indices saw local gauges end on a flat note. Fresh uptick in US treasury yields is making investors jittery as FIIs continue to offload shares in local equities.
Technically, on daily charts the Nifty has formed a Doji candlestick formation, which is indicating incisiveness between the bulls and bears. However, a quick pullback rally is not ruled out from the current levels.
For the bulls, the 50-day SMA or 19600 would act as a key support zone. Above which, the market could move up till 19800-19850. On the flip side, a fresh sell off is possible only after the dismissal of 19600, below which the index could slip till 19525-19500.
Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas:
The Nifty opened on a flat note and witnessed a volatile day to trade. Nifty witnessed wild swings in both directions ultimately closed absolutely flat and thus forming a doji pattern on the daily charts. Doji pattern indicates indecision among market participants regarding the direction. It is trading right in the support zone 19600 – 19650 and considering the sharp decline in the past few trading sessions a pullback appears highly probable.
On the hourly momentum indicator we can observe a positive divergence and also a positive crossover which also suggests that a pullback is likely. The pullback can be till 19820 – 19880 where key hourly moving averages and the gap area formed on 21st September is placed. In terms of levels, 19600 – 19620 is the crucial support zone while 19820 – 19880 shall act as an immediate hurdle zone.
Bank Nifty has witnessed a pullback from the 78.6% fiboancci retracement level (44400) and also closed with decent gains. We expect a pullback in the Bank Nifty as well. On the upside the pullback is likely towards 45000 – 45200. On the hourly charts the momentum indicator has a positive crossover which is a buy signal and the positive divergence suggest that the momentum on the downside is weakening.
Rupak De, Senior Technical analyst at LKP Securities:
The index remained volatile before closing with a doji pattern on the daily timeframe. This suggests a possible pause in the prevailing bearish trend. From here, the market might consolidate a bit before starting a new trend. Support on the lower end is pegged at 19,600; a fall below 19,600 might initiate fresh shorts. On the higher end, resistance is placed at 19,755.
Aditya Gaggar, Director of Progressive Shares:
Indian equities commenced the week on a flat note and compounded their losses in the opening trade itself to test its 50DMA as well as a strong support zone of 19,600-19,635. After forming a Bullish Shark harmonic pattern, a sharp reversal was seen in the BankNifty which helped the Index to recover from the lows. In the later part of the session, the Index failed to hold higher levels and erased most of its gains; however managed to end the day with minor gains of 0.30 points at 19,674.55.
On a sector-wise performance, Realty was the top gainer while IT and Media were the major laggards. On the daily chart, the Nifty50 has formed a DOJI candlestick pattern at its 50DMA support which indicates reversal of trend. A zone of 19,600-19,635 continues to act as strong support area whereas, the higher side is capped at 19,780.
Rupee Close:
Indian rupee ended 21 paise lower at 83.14 per dollar on Monday versus Friday's close of 82.93.
Market Close:
Benchmark indices ended on a flat note in the highly volatile session on September 25.
At close, the Sensex was up 14.54 points or 0.02 percent at 66,023.69, and the Nifty was up 0.20 points at 19,674.50. About 1817 shares advanced, 1835 shares declined, and 161 shares unchanged.
Bajaj Finance, Tata Consumer Products, Apollo Hospitals, Bajaj Finserv and Coal India were among the top gainers on the Nifty, while losers included Hindalco Industries, SBI Life Insurance, Hero MotoCorp, Infosys and Dr Reddy's Laboratories.
On the sectoral front, realty index rose 1.5 percent and bank index up 0.3 percent, while Information Technology index down 0.7 percent and capital goods index down 0.3 percent.
The BSE midcap index rose 0.40 percent, while Smallcap index ended on a flat note.
JSW Infrastructure IPO records 28% booking on bidding debut, retail portion fully booked
The public issue of JSW Infrastructure was subscribed 28 percent so far on debut, with bids coming in for 3.81 crore equity shares against an IPO size of 13.62 crores on September 25.
All investors have started participating in the first public issue of the JSW Group company in the last 13 years, with retail investors buying 1.08 times the allotted quota and high net-worth individuals 31 percent shares.
Qualified institutional buyers (QIB) have subscribed for 0.13 percent shares of the reserved portion which is 75 percent of total offer size, while the 15 percent of the issue is reserved for high net-worth individuals and the remaining 10 percent for retail investors.
Strides Pharma Science' step down wholly owned subsidiary in Singapore viz., Strides Softgels Pte. Ltd. shall undertake the acquisition of CDMO business and Soft Gelatin business from Strides Pharma Global Pte. Ltd, another step-down wholly owned subsidiary of the Company. The Parties have entered into a Binding Memorandum of Understandingand have agreed that definitive agreements shall be executed within three months from date of signing the Binding Memorandum of Understanding.
Cera Sanitaryware has informed that the expanded capacity of Faucetware Plant for Phase 1, has been commissioned on 25-09-2023 and the commercial production has commenced from today. The manufacturing capacity of Faucetware Plant has been increased from 3 Lakh pieces per month to 4 Lakh pieces per month.
Stock Market LIVE Updates | HSBC View On Power Sector
-Power demand rose 16 percent in August & 11 percent in the first half of September
-With weak rains; peak demand jumped to 240 GW
-Peak shortages of 3-4 percent were seen some days in August-September
-Coal stocks fell sharply as thermal PLFs rose to meet demand
-Government has extended mandatory blending of imported coal until March 24
-Saw weak renewable capacity additions in August
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| BHEL | 125.20 | 0.64 | 1.61m |
| NHPC | 52.38 | 0.58 | 1.55m |
| NTPC | 239.30 | 0.57 | 775.75k |
| Siemens | 3,702.00 | 0.39 | 53.78k |
| Tata Power | 257.60 | 0.21 | 225.04k |
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| CG Power | 434.75 | -1.27 | 29.19k |
| Adani Energy | 830.85 | -1.08 | 101.43k |
| JSW Energy | 419.15 | -0.64 | 202.24k |
| Adani Power | 381.45 | -0.43 | 429.05k |
| Adani Green Ene | 1,013.05 | -0.42 | 39.84k |
| ABB India | 4,178.80 | -0.17 | 4.19k |
| Tata Power | 256.80 | -0.1 | 240.52k |
Stock Market LIVE Updates | Geojit View on Supreme Industries
Going ahead, tailwinds like stable infra & agri volumes and lower input prices will drive growth. However, given the sharp rise in stock price and premium valuation (SIL is currently trading at a 1 year forward P/E of 48x), does not provide comfort.
Geojit valued the stock at a P/E of 36x on FY25E EPS and maintain 'Sell' rating with a target price of Rs 3,694.
Sensex Today | Mohammed Imran, Research Analyst at Sharekhan by BNP Paribas:
Crude oil prices firmly start through the fresh week as WTI October trade above $90.35 during mid-European session following a 0.6% weekly decline. The economic progression has eased in recent months due to rising crude oil prices and interest rate worries.
The oil market has held relatively steady in recent days with tightness in the physical market coupled with Russia’s recent export ban on diesel and gasoline offset by a hawkish FOMC meeting last week, while fundamentals have been a key driver for oil prices in recent weeks, we could see macro influences come back into play at least in the immediate term. We remain bullish on crude oil as with the production cut extension from OPEC+, we anticipate a market deficit of more than 1.2.-1.5 million barrels per day in 4Q23.
The active shale oil rigs has fallen by 114 rigs since the start of the year which will further act as support for crude oil prices as EIA has already forecasted drop in US Shale production from October onwards. For the day we expect oil prices to remain range bound, major support remains around $88 and resistance at $92.
Stock Market LIVE Updates | Motilal Oswal View On National Aluminium Company
-Neutral call, target Rs 95per share
-Increase in alumina refinery capacity & RM securitization to drive performance
-NACL had successfully acquired Utkal D & E coal blocks
-Utkal D and E Coal blocks with a combined R&R of 175 mt
-Will improve company’s raw material security
-Company is all set to operationalise Utkal D Coal mine by the end of CY23
-Utkal coal block provide NACL with an annual RM security of approximately 2 mt
-Currently trades at 3.8x FY25E EV/EBITDA & appears to be fully priced in
Sensex Today | Market at 3 PM
The Sensex was up 34.13 points or 0.05 percent at 66,043.28, and the Nifty was up 5.40 points or 0.03 percent at 19,679.70. About 1637 shares advanced, 1578 shares declined, and 135 shares unchanged.
| Company | Price at 14:00 | Price at 14:40 | Chg(%) Hourly Vol |
|---|---|---|---|
| CHL | 24.35 | 22.53 | -1.82 12 |
| CCL Internation | 22.00 | 20.55 | -1.45 3.00k |
| Continent Chem | 69.00 | 65.00 | -4.00 0 |
| Godavari Drugs | 96.60 | 91.05 | -5.55 231 |
| Alfa ICA | 54.64 | 51.56 | -3.08 0 |
| Nimbus Projects | 36.00 | 34.00 | -2.00 56 |
| Apoorva Leasing | 21.15 | 20.02 | -1.13 0 |
| Raj Tube | 26.50 | 25.13 | -1.37 1 |
| Indian LinkChai | 1,574.90 | 1,496.20 | -78.70 30 |
| Acknit Industri | 220.00 | 210.00 | -10.00 0 |
| Company | Price at 14:00 | Price at 14:40 | Chg(%) Hourly Vol |
|---|---|---|---|
| Lahoti Over | 30.40 | 35.63 | 5.23 156 |
| Maagh Advertisi | 41.74 | 46.12 | 4.38 45.50k |
| Maxheights | 35.15 | 38.80 | 3.65 3.44k |
| Rama Paper Mill | 21.45 | 23.50 | 2.05 194 |
| Prism Medico | 28.62 | 31.00 | 2.38 2.37k |
| Futuristic Sol | 58.50 | 62.99 | 4.49 9 |
| Macfos | 307.00 | 329.00 | 22.00 0 |
| Pharmaids Pharm | 38.26 | 40.95 | 2.69 1.31k |
| Bloom Ind | 22.90 | 24.50 | 1.60 9 |
| Sarthak Metals | 243.45 | 260.00 | 16.55 380 |
Stock Market LIVE Updates | Shyam Metalics to Make aluminum foil for Lithium-ion Cell Manufacturing
Shyam Metalics and Energy announced its entry into energy storage sector with battery-grade Aluminum foil, a critical component in Lithium-ion cells.
Shyam Metalics, a major producer and exporter of Aluminum foil for various industrial applications with an annual production capacity of 20,000 tons will allow India to corner a share for raw materials in the global Lithium-ion cell market, which is expected to reach 6500GWh/year capacity by 2030.
European markets were trading lower Monday as investors reflected on a spate of central bank decisions last week and the prospect of higher-for-longer interest rates.
| Company | Quantity | Price | Value(Cr) |
|---|---|---|---|
| Arfin India | 750000 | 39.5 | 2.96 |
| NMDC | 1465036 | 143.8 | 21.07 |
| Tata Motors | 18647 | 620 | 1.16 |
| Maruti Suzuki | 959 | 10610 | 1.02 |
| GTL Infra | 200000 | 1.11 | 0.02 |
| Monarch Net | 128725 | 330 | 4.25 |
| GTL Infra | 1501919 | 1.11 | 0.17 |
| Yes Bank | 475450 | 17.49 | 0.83 |
| GVK Power | 200000 | 10.33 | 0.21 |
| HUL | 6300 | 2483 | 1.56 |
Stock Market LIVE Updates | Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas
Indian Rupee declined on Monday on strong Dollar and weak domestic equities. Selling pressure from FIIs also put downside pressure on Rupee. US Dollar gained on hawkish FOMC last week.
We expect Rupee to trade with a slight negative bias on strong Dollar and risk aversion in global markets. FII outflows and elevated crude oil prices may put further downside pressure on the domestic currency. However, any intervention by the RBI may support rupee at lower levels. USDINR spot price is expected to trade in a range of Rs 82.75 to Rs 83.60.
| Company | CMP Chg(%) | Conc. Price Chg% | Volume |
|---|---|---|---|
| Sonu Infratech | 73.50 17.60 | 44.70 64.43 | 204,000 |
| Supreme Enginee | 0.95 5.56 | 0.70 35.71 | 265,294 |
| RBM Infracon | 133.10 4.97 | 104.40 27.49 | 36,000 |
| Maks Energy | 94.40 4.95 | 74.10 27.40 | 18,000 |
| Destiny Logisti | 46.55 4.96 | 36.55 27.36 | 336,000 |
| Norben Tea | 14.20 4.80 | 11.25 26.22 | 17,761 |
| Hubtown | 67.95 4.14 | 53.85 26.18 | 1,306,182 |
| GVK Power | 9.95 4.74 | 7.90 25.95 | 7,334,102 |
| AGI Greenpac | 889.75 0.57 | 712.35 24.90 | 220,497 |
| Ankit Metal | 5.80 4.50 | 4.65 24.73 | 227,319 |
Stock Market LIVE Updates | Geojit View on The Ramco Cements
The Ramco Cements' capacity expansions, coupled with GoI’s strong focus on Infra & Housing, will aid future volumes. Now, declining input costs coupled with a shifting focus to deleveraging post FY24 will support valuation.
The stock currently trades at ~14x 1Yr Fwd EV/EBITDA.
Geojit valued the stock at ~14x FY25E EV/EBITDA (5Yr average=14) and arrived at a target price of Rs 1,034, maintain buy rating considering strong volumes and deleveraging.
Sensex Today | JSW Infrastructure IPO records 20% booking on bidding debut
The public issue of JSW Infrastructure was subscribed 20 percent so far on debut, with bids coming in for 2.69 crore equity shares against an IPO size of 13.62 crores on September 25.
All investors have started participating in the first public issue of the JSW Group company in the last 13 years, with retail investors buying 83 percent shares of the allotted quota and high net-worth individuals 17 percent shares.
Qualified institutional buyers (QIB) have subscribed for 0.016 percent shares of the reserved portion which is 75 percent of total offer size, while the 15 percent of the issue is reserved for high net-worth individuals and the remaining 10 percent for retail investors.
Stock Market LIVE Updates | Jefferies View On Bajaj Finance:
-Buy call, target at Rs 8,830 per share
-BAF's board will consider capital raise via preferential issue and/or QIP on 5 October
-Capital raise well capitalised with a Tier-1 CAR of 23 percent
-Raise may be upfronting of capital to support strong AUM growth
-Assuming BAF raises 10-15 percent of net worth, issue size may be Rs 8,000 crore/USD 1 billion
-This would lead to dilution of 2 percent whereas FY24E EPS & BVPS may rise 6 percent & 11 percent
-RoE may see slight fall to 22 percent
Sensex Today | BSE Capital Goods index down nearly 1 percent dragged by AIA Engineering, Sona BLW, Schaeffler India
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| AIA Engineering | 3,410.00 | -2.37 | 3.44k |
| Sona BLW | 570.50 | -1.66 | 49.37k |
| Schaeffler Ind | 3,073.05 | -1.62 | 3.48k |
| Thermax | 2,932.00 | -1.33 | 638 |
| Honeywell Autom | 40,348.00 | -1.29 | 41 |
| Lakshmi Machine | 14,680.00 | -1.29 | 140 |
| Larsen | 2,881.55 | -1.28 | 32.87k |
| Elgi Equipments | 504.20 | -1.14 | 12.07k |
| CG Power | 436.25 | -0.93 | 23.59k |
| Hindustan Aeron | 3,843.05 | -0.71 | 29.39k |
Stock Market Live Updates | Kotak Institutional Equities on Metals
Indian Steel Prices Have Started Firming Up
Prices Firming Up With Long/Flat Prices Up 10%/4% In Past Two Months
Price Strength Led By Strong Domestic Demand & Recent Spike In Raw Material Prices
Weaker monsoon and seasonal restocking tightened the domestic market
Weaker monsoon allowed price hikes, notwithstanding sluggish regional prices
Seaborne iron ore and coking coal prices have spiked in the past one month
Prices have spiked due to demand recovery and supply issues
Expect steel margin to firm up in the near term
Cost inflation would require further price hikes to sustain margins
Buy rating on JSPL, NMDC and Tata Steel; sell rating on SAIL
Stock Market LIVE Updates | Sugar stocks surge as much as 7% on jump in sugar prices
Shares of prominent Indian sugar companies continued to display robust performance on September 25, surging by as much as 7 percent in trading. This surge was attributed to growing expectations of an increase in sugar prices in the near future.
As of 1:26 PM on the BSE (Bombay Stock Exchange), Balrampur Chini Mills Ltd saw its stock trading at Rs 440.80 per share, marking a 6.4 percent increase. Similarly, Dalmia Bharat Sugar and Industries Ltd witnessed a 6.87 percent rise, reaching Rs 457.35 per share. Dwarikesh Sugar Industries Ltd experienced a significant surge of 6.4 percent, with shares reaching Rs 107.15, while Uttam Sugar Mills Ltd also gained 6.55 percent, reaching Rs 439.85 per share.
Sensex Today | Market at 2 PM
The Sensex was up 35.52 points or 0.05 percent at 66,044.67, and the Nifty was up 3.20 points or 0.02 percent at 19,677.50.
About 1,663 shares advanced, 1,516 declined, and 135 were unchanged.
| Company | CMP | High Low | Gain from Day's Low |
|---|---|---|---|
| IRB Infra | 32.60 | 33.10 30.10 | 8.31% |
| Indiabulls Real | 84.05 | 86.15 78.30 | 7.34% |
| MCX India | 1,905.00 | 1,952.20 1,775.00 | 7.32% |
| Balrampur Chini | 441.30 | 444.85 415.10 | 6.31% |
| Sundaram Fin | 3,134.00 | 3,233.50 2,969.00 | 5.56% |
Stock Market LIVE Updates | MCX set to go live on TCS from October 1, shares gain
Shares of MCXsoared over 7 percent on September 25 after the company announced plans togo live on a new platform serviced by Tata Consultancy Services from October 1, finally breaking up from its dependence on erstwhile group company 63 Moons, sources told CNBC TV18.
MCX had signed an agreement with 63 Moons to use its platform till December 2023. It will keep the 63 Moons platform as a backup in case it finds glitches on the new platform. Mock sessions on the platform have been glitch-free so far.
However, MXC will need SEBI’s approval to go live on the new TCS platform.
Stock Market LIVE Updates | BSE Realty index up 0.5 percent led by Indiabulls Real Estate, Sobha, Godrej Properties
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Indiabulls Real | 84.48 | 7.49 | 3.79m |
| Sobha | 674.00 | 3.89 | 17.04k |
| Godrej Prop | 1,573.55 | 2.26 | 7.78k |
| Brigade Ent | 588.00 | 2.06 | 1.61k |
| DLF | 519.95 | 0.79 | 15.60k |
| Prestige Estate | 600.55 | 0.46 | 5.81k |
| Oberoi Realty | 1,121.30 | 0.2 | 2.83k |
Stock Market LIVE Updates | Delta Corp receives intimation for payment of alleged GST liability of Rs 11,139 crore
Delta Corp has received an intimation from the Directorate General of GST Intelligence, Hyderabad, for payment of an alleged tax liability of Rs 11,139.61 crore along with interest and penalty from July 2017 to March 2022. Further, if the company fails to do so, the show cause notice will be issued to the company. The amount claimed in the DG Notice is based on the gross bet value of all games played at the casinos during the relevant period.
Stock Market LIVE Updates | Strides Pharma Science receives approval from US FDA for Icosapent Ethyl capsules
Strides Pharma Science's subsidiary Strides Pharma Global Pte Limited, Singapore has received approval from the US FDA for Icosapent Ethyl capsules. Icosapent Ethyl Capsule is used used in conjunction with other medicines like statins to reduce the risk of heart attack, stroke and heart issues. The product is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Vascepa of Amarin. The Icosapent Ethyl capsule has a market size of $1.3 billion.
Stock Market LIVE Updates | Shree Renuka Sugars soars on board nod to acquire Anamika Sugar Mills
Shares of Shree Renuka Sugars Limited gained over 4 percent to Rs 57 on September 25 after the board approved to acquire Anamika Sugar Mills for Rs 235.5 crore, a move that will establish its presence in the state of Uttar Pradesh.
"The company will infuse Rs 110 crore in Anamika by way of subscription to equity shares of Anamika for the purpose of redemption of 100 percent of the outstanding cumulative redeemable preference shares (CRPS) issued by Anamika in favour of SICPA India Private Limited", Renuka Sugars said in an exchange filing on September 23. The price per share for such primary infusion will be determined in due course, it added. Read More
Stock Market LIVE Updates | Berger Paints sheds 7.5% as it turns ex-bonus, volumes drop 60%
Shares of Berger Paints India fell 7.5 percent to Rs 617 per share on the BSE on September 25 on low volumes, giving up the previous day’s surge. The S&P BSE Sensex was down 236 points or 0.3 percent to 65,773 levels, as of 11:30am.
The paints and coating giant saw its volume decline by as much as 60 percent to 29 lakh shares from 75 lakhs traded at the exchanges on September 22. Read More
Stock Market LIVE Updates | LT Foods gains 3% on bullish outlook for convenience wing revenue
LT Foods shares traded 3 percent higher on September 25 a day before its investor meet after chief executive Ashwani Kumar Arora said that he expects the health and convenience vertical to increase its contribution to the rice-processors revenue.
“We expect to get 8-10 percent of the total revenue from the convenience and health vertical in the next five years," Arora said in an interview to PTI. "We have achieved an impressive three\-year compound annual growth rate (CAGR) of 30 percent, resulting in this segment contributing 2.5 percent to our overall revenue. Our year-on-year growth has surged by an impressive 36 percent in this segment." Read More
Stock Market LIVE Updates | IRCON International executes contract agreement with Sri Lanka Railway, under Indian line of credit of Rs 122 crore
IRCON International has executed the contract agreement with Sri Lanka Railways, Sri Lanka for the work of procurement of design, installation, testing, commissioning and certifying of signalling and telecommunication system from Maho Junction to Anuradhapura, under the Indian line of credit at a price of $14.89 million (Rs 122 crore). The work will be completed by IRCON within 24 months from the date of signing of contract.
Sensex Today | Market at 1 PM
The Sensex was up 196.86 points or 0.30 percent at 66,206.01, and the Nifty was up 53.70 points or 0.27 percent at 19,728. About 1725 shares advanced, 1430 shares declined, and 131 shares unchanged.
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Bajaj Finance | 7,799.10 | 4.37 | 95.71k |
| Bajaj Finserv | 1,582.95 | 2.64 | 75.36k |
| Asian Paints | 3,330.75 | 1.67 | 81.65k |
| Kotak Mahindra | 1,784.00 | 1.56 | 40.47k |
| Maruti Suzuki | 10,649.95 | 1.08 | 11.18k |
| Titan Company | 3,306.50 | 1.02 | 4.91k |
| Tata Steel | 127.95 | 0.99 | 811.50k |
| JSW Steel | 780.90 | 0.85 | 32.27k |
| ICICI Bank | 957.20 | 0.73 | 130.31k |
| Axis Bank | 1,025.10 | 0.68 | 45.39k |
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Infosys | 1,482.25 | -0.92 | 127.55k |
| Larsen | 2,892.05 | -0.92 | 28.98k |
| Wipro | 416.10 | -0.61 | 454.46k |
| SBI | 594.95 | -0.53 | 236.21k |
| M&M | 1,599.85 | -0.49 | 42.10k |
| HCL Tech | 1,268.00 | -0.43 | 29.51k |
| TCS | 3,588.70 | -0.39 | 15.44k |
| Sun Pharma | 1,127.40 | -0.37 | 112.83k |
| Reliance | 2,347.55 | -0.28 | 83.04k |
| ITC | 442.15 | -0.24 | 271.55k |
| Company | Price at 12:00 | Price at 12:53 | Chg(%) Hourly Vol |
|---|---|---|---|
| Rama Paper Mill | 23.50 | 21.45 | -2.05 339 |
| Nimbus Projects | 36.36 | 33.56 | -2.80 1 |
| Last Mile Ent. | 210.50 | 195.15 | -15.35 9.76k |
| Nutech Global | 37.00 | 35.10 | -1.90 2 |
| IM+ Capitals | 486.90 | 462.00 | -24.90 8 |
| RR Metalmakers | 39.00 | 37.01 | -1.99 112 |
| Guj Terce Labs | 25.23 | 24.03 | -1.20 1.29k |
| Choksi Labs | 54.00 | 51.50 | -2.50 965 |
| Chennai Meenaks | 28.84 | 27.52 | -1.32 7 |
| Mahalaxmi Rub | 165.95 | 158.50 | -7.45 672 |
| Company | Price at 12:00 | Price at 12:53 | Chg(%) Hourly Vol |
|---|---|---|---|
| Punj Comm | 48.55 | 53.31 | 4.76 7.06k |
| Airan | 22.21 | 24.13 | 1.92 4.14k |
| Chordia Food | 83.00 | 89.75 | 6.75 72 |
| Wonderla | 640.45 | 691.90 | 51.45 544 |
| Trans Freight | 20.50 | 21.95 | 1.45 1000 |
| Fiberweb India | 33.11 | 35.39 | 2.28 98 |
| Suryavanshi Spg | 23.60 | 25.19 | 1.59 22 |
| Solid Stone | 27.10 | 28.90 | 1.80 1.59k |
| Cindrella Hotel | 64.00 | 67.95 | 3.95 167 |
| Indian Metals | 411.10 | 436.25 | 25.15 14.02k |
Stock Market LIVE Updates | REC withdraws its nominee Ajay Mathur from the board of Suzlon Energy
State-owned REC has withdrawn its nominee, Ajay Mathur, from the board of Suzlon Energy as the financial assistance granted by the REC led consortium in terms of the rupee term loan agreement has been paid in full. Ajay Mathur has ceased to be the Nominee Director of Suzlon with effect from September 21.
| Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
|---|---|---|---|
| NIFTY 50 | 19711.55 0.19 | 8.87 -2.09 | 2.31 13.76 |
| NIFTY BANK | 44828.80 0.49 | 4.29 -2.50 | 1.35 13.36 |
| NIFTY Midcap 100 | 40251.55 0.28 | 27.75 -1.00 | 4.63 29.51 |
| NIFTY Smallcap 100 | 12505.70 0.24 | 28.51 -1.72 | 5.36 30.41 |
| NIFTY NEXT 50 | 45102.35 -0.16 | 6.91 -2.01 | 2.30 3.89 |
Stock Market LIVE Updates | Hero MotoCorp announces price of Karizma XMR
Hero MotoCorp announced the new price of the Karizma XMR. The new price will be Rs 1,79,900 onwards (Ex-showroom, Delhi) w.e.f. October 1st, 2023. Hero Karizma XMR will be available at current introductory price of Rs 1,72,900, till Midnight, September 30th 2023.
